The Australian road network is fundamental for society’s economic and social needs. The Harper Competition Policy stated that “Reform of road pricing and provision should be a priority. Road reform is the least advanced of all transport modes and holds the greatest prospect for efficiency improvements”.
Contemporary competition policy that we see today stems from the introduction of the 1965 Trade Practices Act (TPA). Over the last five decades, the TPA has been frequently amended, developed and fine-tuned in order to fit in with the current economic thinking of the time. One of the more significant edits of the TPA, in […]
The tax reform discussion has already started to narrow in on specific changes, such as increasing the GST, closing superannuation loopholes, and fixing negative gearing. However, beginning the reform conversation with critiques of individual taxes and suggestions for piecemeal fixes leaves us condemned to repeat the mistakes of past reform attempts.
Since 2007 a network of 770 Indigenous rangers has been established under the Australian Government’s Working on Country program. This report draws on the literature and case studies to build a balanced, objective picture of the economic and social benefits of employing Indigenous rangers to undertake land and sea management. We explore the various factors underpinning […]
The Senate Committee examining the proposed Port of Melbourne sale has published the Victorian Government’s Draft Pricing Order. This confirms that the regime that will apply to the Port of Melbourne will be the most intrusive price monitoring regime currently applying to any Australian port, including application of the building blocks approach.
The past few years have seen many governments confront public debt crises. In light of this, creditors have started suggesting unconventional methods of funding these growing debts, one of which is selling off priceless national treasures. But how can one sell something that is “priceless”? After all, if interpreted literally, there is no price, so […]
On 15 October 2015, the Northern Territory (NT) Government announced the successful bidder for the Port of Darwin – Landbridge Group, based in the People’s Republic of China. The deal is $508 million for an 80% stake in the port, which places the full port value at approximately $630, eclipsing analysts’ estimates of a sale […]
On 8 October 2015, the QCA released its draft decision on Queensland Rail’s (QR’s) most recent draft access undertaking proposal (DAU). This is QR’s first access undertaking since its separation from Aurizon in 2010, and has had a protracted and contentious development process, with QR submitting its first DAU in March 2012 for an intended […]
There are two economic questions Australians should stop asking. Despite seeming relatively innocuous, they are often loaded with biases from invested stakeholders. Both have better economic questions that can, and should, be asked.